Skip to main content

Customs Duty On Goods From Pakistan Raised To 200% After Pulwama Terror Attack

Customs Duty On Goods From Pakistan Raised To 200% After Pulwama Terror Attack

The decision to revoke the Most Favoured Nation status accorded to Pakistan was taken soon after a convoy of CRPF soldiers was targeted by a suicide bomber on the Jammu-Srinagar highway on Thursday, resulting in over 40 deaths.

Customs Duty On Goods From Pakistan Raised To 200% After Pulwama Terror Attack
India's decision to extend MFN status to Pakistan in 1996 was never reciprocated.

Story Highlights

  • Union Minister Arun Jaitley in a tweet referred to hike in customs duty
  • India withdrew 'Most Favoured Nation' status for Pakistan on Friday
  • MFN status is given to a trade partner to ensure non-discriminatory trade
New Delhi : 
A day after withdrawing the 'Most Favoured Nation' (MFN) status granted to Pakistan in the wake of the Pulwama terror attack, India today hiked the basic customs duty on all goods imported from the neighbouring country to 200%.
The decision to withdraw the status was taken soon after a convoy of CRPF vehicles was targeted by a Jaish-e-Mohammed (JeM) suicide bomber on the Jammu-Srinagar highway on Thursday, resulting in over 40 deaths. At the same time, the government also announced its plans to initiate diplomatic steps to ensure the complete isolation of Pakistan in the international community.
"India has withdrawn MFN status to Pakistan after the Pulwama incident. Upon withdrawal, basic customs duty on all goods exported from Pakistan to India has been raised to 200% with immediate effect," Union Minister Arun Jaitley tweeted on Saturday evening. 
The MFN status is given to a trade partner to ensure non-discriminatory trade between two countries. Although India had granted the status to Pakistan in 1996, Islamabad did not reciprocate despite it being required to do so as a member of the World Trade Organisation. 
Although the Union government says that withdrawing the status will hurt Pakistan at a time when it is struggling financially, the move is mostly symbolic because bilateral trade between the two countries comes up to barely $2 billion a year. India mainly exports cotton, dyes, chemicals, vegetables and iron and steel to Pakistan while importing fruits, cement, leather, chemicals and spices.
Meanwhile, global pressure is building on Pakistan to act against perpetrators of the attack. Despite Chinese reservations, New Delhi has urged the international community to back the naming of JeM leader Masood Azhar as a "UN designated terrorist". The United States has also asked Pakistan to "immediately end support and safe haven to all terrorist groups"
Pakistan is already in the 'grey list' of the Financial Action Task Force (FATF), an inter-governmental body that works to stop terror financing, among other things. However, India wants it to be competely blacklisted.
The FATF blacklist is meant for countries that are deemed "non-cooperative" in the global fight against money laundering and terror financing. If the FATF blacklists Pakistan, it may lead to downgrading of the country by lenders like International Monetary Fund, World Bank, Asian Development Bank and the European Union.

Comments

Post a Comment

Title

Link

https://amzn.to/3isoLUX https://www.amazon.in/gp/product/B082PFY9S7?smid=AT95IG9ONZD7S&psc=1&linkCode=sl1&tag=mywebsit0749e-21&linkId=5108a27204271760a5ba4d6108af7893&language=en_IN&ref_=as_li_ss_tl https://amzn.to/3ist5DR https://amzn.to/3s5ZcMQ
Post a Comment
Read more

PUBG Mobile Season 4: Release date, season Royale Pass, new features and more

PUBG Mobile Season 4 release date, new features and more: The Battle Royale game, Player Unknown's Battlegrounds for Mobile, will get revamped for its fourth season later this week. PUBG Mobile Season 4 launch, Royale pass, and latest features:  Player Unknown’s Battlegrounds (PUBG) will refresh its mobile version for a fourth season. An update for the same had also been acknowledged by the company through Twitter. The third season of the Battle Royale game, popularly known as PUBG, ended on November 18. Here’s when PUBG Mobile Season 4 starts, and the new features it will bring. PUBG Mobile Season 4: Release date Smartphone gamers will have to wait until November 20 for the new season of PUBG. The global servers for the game are expected to be connected by November 21, which is when all devices are expected to receive access for the same. New and existing players should note that the latest version of PUBG will not take the Season 3 rankings and scores into accoun...
Post a Comment
Read more

Vision is alive and will defeat Thanos in Avengers Endgame. Here’s how

If the latest fan theory turns out to be true, then Vision's consciousness will give the Marvel superheroes an upper hand and he might be the actual reason behind the Mad Titan's defeat in Avengers: Endgame. Actor Paul Bettany plays Vision in Marvel Cinematic Universe. Vision, played by actor Paul Bettany, might be alive and have a pivotal role in Avengers: Endgame. Infact, he will be instrumental in defeating Thanos in the final battle. But how can that happen, considering Vision was left all cold and grey when Thanos ripped him off the Mind Stone in last year’s blockbuster, Avengers: Infinity War? Going by a new fan theory doing the rounds, there is a catch! Vision is an  android  which was created by Tony Stark and Bruce Banner during Avengers: Age of Ultron. He was brought to life by the Mind Stone stuck on his forehead. In one of the most emotional scenes of Avengers: Infinity War, we saw Scarlet Witch aka Wanda destroying the Mind Stone that ensured Vision bro...
Post a Comment
Read more

Ways To Earn CryptoCurrency For Free

  Some Websites Are Listed Below For Earning:- 1.  Sphere by Horizen 2. GramFree 3.  Earnabl y 4. Crypto Tab Browser 5. Honey 6. Coinpayu Sphere by Horizen Due to a change of the Application ID in v1.2.6-beta, Windows users upgrading from 1.2.5-beta or earlier or setups with multiple user accounts must uninstall Sphere by Horizen first, using the "Programs" utility from the "Control Panel" before installing any version greater than v1.2.5-beta. Please follow the upgrade guides for  Windows  or  macOS . Latest Version:   v1.2.8-beta For a list of changes implemented in this version, please view the  changelog . Due to significant improvements to data handling, users who took part in version 1.0.1-beta or earlier are advised to create new accounts and restore their wallet seeds. An upgrade mechanism will be included in a future release to remove the requirement on the user to perform this step. User  manual:   https://horizenofficial.atlas...
Post a Comment
Read more

CISCE Releases ISC/Class 12 Board Exam 2019 Date Sheet

Council for Indian School Certificate Examination (CISCE) has released the date sheet for ISC (Class 12) and ICSE (Class 10) board exam 2019. ICSE 2019 Timetable: ISC Class 12 Exam 2019 Time Table Released New Delhi:  Council for Indian School Certificate Examination (CISCE) has released the date sheet for ISC (Class 12) and  ICSE  (Class 10) board exam 2019 . The exam for ISC or class 12 students will begin on February 4, 2019 and conclude on March 25, 2019. The exams will begin with practical exams which are scheduled from February 4 to February 14, 2019. The Theory component will begin with Economics paper exam on February 15, 2019. The date sheet is also available on the official website. Students can check the detailed exam schedule below.  ISC (Class 12) Board Exam 2019 Schedule February 04, 2019 (9.00 AM): Art Paper 3 (Drawing or Painting of a Living Person) February 05, 2019 (9.00 AM): Physics - Paper 2 (Practical) February 06, 2019 (...
Post a Comment
Read more

Network security policy

Network security policy This policy will help you create security guidelines for devices that transport and store data. You can use it as-is or customize it to fit the needs of your organization and employees. From the policy  Summary Every company’s network is made up of devices that transmit and store information. This can include internal and external systems, either company-owned or leased/rented/subscribed to. To protect company data and reputation, it is essential to ensure that the network is secured from unauthorized access, data loss, malware infestations, and security breaches. This must be done via systematic end-to-end controls. Policy details The IT department will be responsible for implementing, adhering to, and maintaining these controls. For the purposes of this document, “all devices” refers to workstations, laptops, servers, switches, routers, firewalls, mobile devices, and wireless access points. Where possible, these guidelines will...
Post a Comment
Read more

Terrorist Lived 10 km From Site Where He Killed 40 Soldiers In Kashmir

More than 40 people were killed when the Jaish-e-Mohammad terrorist rammed a vehicle loaded with explosives into a CRPF convoy in Jammu and Kashmir's Pulwama. Pulwama attack: Adil Ahmad Dar joined Jaish-e-Mohammad last year. Story Highlights Adil Ahmad Dar, 22, joined terror group Jaish-e-Mohammad last year He was also known as "Adil Ahmad Gaadi Takranewala" Police say he is the third local suicide terrorist recruited by Jaish New Delhi:  Adil Ahmad Dar, the Jaish-e-Mohammad terrorist behind the worst-ever terror attack on security forces in Jammu and Kashmir, lived just 10 km from the spot where he rammed his car full of explosives into a security convoy, killing over 40 Central Reserve Police Force (CRPF) personnel on Thursday. Also known as "Adil Ahmad Gaadi Takranewala" and "Waqas Commando of Gundibagh", he joined the Pakistan-based terror outfit last year. On Thursday, he  drove towards the convoy of 78 CRPF buses tr...
Post a Comment
Read more

Some Hot New Technologies That Will Change Everything

Some Hot New Technologies That Will Change Everything Illustration: Randy Lyhus The Next Big thing? The  memristor , a microscopic component that can "remember" electrical states even when turned off. It's expected to be far cheaper and faster than flash storage. A theoretical concept since 1971, it has now been built in labs and is already starting to revolutionize everything we know about computing, possibly making flash memory, RAM, and even hard drives obsolete within a decade. The memristor is just one of the incredible technological advances sending shock waves through the world of computing. Other innovations in the works are more down-to-earth, but they also carry watershed significance. From the technologies that finally make  paperless offices  a reality to those that deliver  wireless power , these advances should make your humble PC a far different beast come the turn of the decade. In the followin...
1 comment
Read more